Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Liberty Broadband Corporation $LBRDK

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 364.2% during the first quarter, Holdings Channel.com reports. The fund owned 171,064 shares of the company’s stock after buying an additional 134,215 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Liberty Broadband were worth $8,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Highlander Partners L.P. acquired a new position in Liberty Broadband in the 4th quarter worth about $26,000. eCIO Inc. purchased a new position in Liberty Broadband during the fourth quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in Liberty Broadband in the third quarter valued at approximately $42,000. Rothschild Investment LLC grew its holdings in Liberty Broadband by 7,253.8% in the fourth quarter. Rothschild Investment LLC now owns 956 shares of the company’s stock valued at $46,000 after purchasing an additional 943 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Liberty Broadband in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen raised Liberty Broadband from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Broadband Stock Up 6.3%

LBRDK opened at $32.87 on Wednesday. Liberty Broadband Corporation has a twelve month low of $26.25 and a twelve month high of $68.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $31.82 and a 200 day moving average price of $42.65. The company has a market cap of $4.72 billion, a PE ratio of -1.71 and a beta of 0.65.

Liberty Broadband Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.